Government has inherited a budget ‘heaving with a trillion dollars’ in Liberal debt

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 78%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Treasurer Jim Chalmers says the government has inherited a budget “heaving with a trillion dollars in Liberal Party debt”.

Treasurer Jim Chalmers says the government has inherited a budget “heaving with a trillion dollars in Liberal Party debt”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Jim Chalmers, guess there would be no debt if you were there. Tosser!!

Yet Superintendent Chalmers wants to claim the credit on the current unemployment numbers.

🤣🤣🤣Interesting about that. You, Airbus Albanese , ping pong Wong and others wanted to continue job keeper payment for ever. You are nothing but one big hypocrite.

So why are they now dishing out the cash to other countries?

And AirbusAlbo AlboMP has handed out how much to non Australians since Labor has been in government?

Chalmers needs to stop blaming/lying and actually start doing something constructive!

Oh well fix it then if you have all the answers👍

Get on with job and stop whinging about the last government. You’re in power now stop act like you’re still the opposition! 🤯

If it was Labor the debt would have been double. The problem is that they are incompetent so lets blame someone else. Stop the bullshit about green energy. It is a money pit. Say goodbye to our standard of living under these imbeciles

Suggest it is time to do a fact check on this one - a real fact check, not an ALP check

That would be the debt that the then opposition constantly complained was not high enough as it demanded more handouts than what the Government was already providing. The hypocrisy of Labor knows no bounds.

Awesome idea to give away 100mil to Ukraine then?

Inherited yes, good or bad, that is hugely debatable...the question is what is a labour Govt going to do about it Prior to election, you had all these so called plans, when are going to release details?

Probably be 3 trillion when he has finished with it

Worried about the trillion in debt but not worried enough to reject recent pay rise 🤔🤔

And Labor are doubling that with all the money Airbus Albo is giving away overseas .. left hand has no idea what the right hand is doing 🙄🙄

Yes..The Chinese Plague Hit the World Hard..Chalmers Should be Informed that the Inherited Debt Was Given to Australians to Assist Us Through..Not Wasted on Other Country's Support.. LABOR is and ALWAYS HAS BEEN USELESS FINANCIAL HANDLERS. GOD HELP AUSTRALIA and the World Thru !

Most of that would be Jobkeeper payments, that kept our economy afloat and JEChalmers wanted to keep going.

Job keeper saved millions of Australians financially but allowed Labor premiers to impose harsh COVID restrictions without fear of civil disobedience ?

If they were so concerned why are they throwing money around like a man with no arms to everyone apart from Australia. They give gifts and punish Aussies. Worst Government ever.

Which also includes carry over of Wayne Swans pathetic attempt at being treasurer.

Labor are doing they best to make sure it is doubled by the end of the year. With reckless spending trying to make Albo popular. How about Albo comes home and works for the people that elected him. It would be nice if he did something to earn the title of PM.

OK Gomer Pile

No JEChalmers the debt belongs to China and WHO who told the world Covid was NOT transmittable person to person. The liberal party gave us our money back, protected our jobs and secured the roof over our heads. Shitting your pants with excuses again JEChalmers

Yet Labor gave away how much to France, ukraine, Sri Lanka, Fiji?

He was on channel 9 news this morning still droning on about liberal debt. These are not financially literate comments. They are political excuses and cop outs.

So what's stopping ✋️ Labor doing different 🤔 Stop spending money on nonsense tear up WHO, UN and GREEN agreements Australia 🇦🇺 belongs to Australians No more money to Ukraine and the Nazi's

What is Albo doing!? Farmers need all travel STOPPED from Indonesia to prevent disease of foot and mouth killing Australias livestock $80 billion industry. Labor have never been good in a crisis. Only 🇦🇺Liberal PM Scott Morrison could have saved us

I was under the impression that the actual debt at change of govt was $B667 ? Not a “trillion”.

And how long exactly can you keep playing the blame game to cover your own inadequacies? Fix it! stop stuttering & blaming! . Australia voted for change but all we get is a gutlessalbo gutlesslabor gutlessmarles gutlesschalmers MeanGirls meangirlwong

Excuses, excuses - is that all we get from Labor?

I’d say that the previous labor government are responsible for part of the debt to

There is no doubt the last illiberal govt. was the worst financial managing illiberal govt. in history, and it is responsible for the $1T mess. However Not My Fault Albo, now it’s your turn. Let’s see how you go fixing it. Labor is used to spending money Liberal banked. Let’s see

Albo was happy to brag that Jobkeeper was all his idea

Chalmers and the Labor rabble were told. The dumbass Australian voters were told Stop the excuses. If you can't do this job then move on.

It amazes me that Albo doesn’t know this ,he’s giving money away to overseas countries France Ukraine ETC

That’s not news. We know the LNP spend like drunken sailors. They just don’t advertise that. ICAC

No

He is the FLYING DEADSHIT from the Housing Commission Flats!!!!!

ScoMo was 100000005.4 x times better than OLD MATE SHIT FOR BRAINS ALBO 🐝 🧠 😴

Wasn’t Jimmy and other members of the then opposition screaming for 2 years that pandemic relief wasn’t enough and should have gone on for longer?

Then perhaps Labor should stop gifting it overseas !! Makes no sense.

Well no one opposed the lockdowns, or the jobkeeper payments or the increase to the already unemployed payments or the shut down of just about every industry in Australia by overreacting state governments including some of your very own Labor counterparts.

If that is so why is Albanese and the ALP throwing borrowed money away like confetti

They kept bleating on about a plan !! Now might be the time to get it into place !!!

So the LNP are supposed to be the superior economic managers, debt was spiralling out of control even before Covid hit.

Funny enough LNP said the same thing about ALP. That proves both parties are equally shit

Build project iron boomerang and get manufacturing back in Australia to pay the debt down.

Whats the Plan DH, when you see AirbusAlbo can you ask him 🤔 where is my $275.00

Their only line….

Labor was complicit & approved of the spending & wanting more! Stupid comment trying to play politics, own it Jim

True , let’s be honest Frydenberg just kept spending and unfortunately lost his way as a conservative, that’s half the reason a lot of lib voters gave up , not to mention they didn’t fight for the freedoms of there voters.

Heard of Covid-19 Him? Just stop whining and start governing

Does he know the covid pandemic?

Well fix it. Labor debt has been fixed many times. Now it's your turn .

HA HA Pot calling the kettle black !!!

So why are his lot trying to double that figure. Wish they would realise that we're not buying their BS.

Given they inherited HALF a trillion dollar debt from the ALP and LNP funded the Covid pandemic incredible outcome…

He would be correct.

Cry me a tear, it would have been a lot more if Labor had of got its way.... I think Labor will double it before they are voted out or removed.

So cut the public service starting........ now

BS Chalmers 😡😡😡

They inherited a strong economy with covid debt not debt from reckless spending like labor are currently racking up.

Ok so why do they keep handing more and more money out then to overseas countries.

Sounds sensible then that Albo gives away a few more billion to buy friends overseas while peddling his incomprehensible climate change gloom and doom. Labor knew the budget situation but still lied about electricity price etc etc

Ah, the shoe's on the other foot now....and the other shoe is gone. Normally they'd have millions to squander and they are like chooks with their heads cut off...mind you the chook would still have more brains lol

Both Libs and Labs are the same. Not sure why people vote for them when they always deliver nothing. People are worst of every year. There was zero improvement in anything for the last 20 years.

If so How can Albo and the Labor government give our money to other nations $850m for France $525m for Pacific Islands $100m for Ukraine $50m for Sri Lanka But still not a single extra cent for the thousands of homeless Aussie families sleeping in tents and cars this winter

OMG this bloke is a bloody joke, hey Jimmy just do you bloody job and stop blaming everyone else

Funny story from Chalmers, who has no idea what he’s doing. Labor took us from $0 to $200B with nothing to show. LNP went from $200B to $400B funding the NDIS, NBN, Defence etc that Labor failed to fund. LNP with 100% ALP support went from $400B to $800B on Covid.

No, wrong! LOL. $400b to $500b Is ALP caused debt. Curren5 deb5 is around $850b.

Yet Labor are just throwing even more money away overseas? 🤡

And not much to show for it. Higher interest rates - inflation - declining property prices - declining superannuation - a huge interest bill - decades of pain.

'Liberal Party debt' hey JEChalmers Jimbo? Actually l think they gave billions to workers, families, businesses and companies to save Australia from a covid disaster. auspol

This is true. This is one of the many reasons why the illiberal govt got kicked out. Your turn lefties. Do it right and you get to stay. Don’t fix it, and it’s the turn of the right again, after they have done time in the sin bin.

When most of Australia closed down due to Covid and most employees still being paid a portion of their pay etc etc then yes a price to be paid. Or should we have not been subsidised. Just a thought,

Luckily only a trillion as during job seeker and job keeper Shorten and Albanese said it should be more. Oh well the the chickens have come home to roost. Stop the blame game the honeymooon is over and show us a plan

Good you have finally been snookered by the labor lite LNP Lets see where you get your money from now. Oh wait my antennae are twitching Danger Danger

Well this is what generally happens after a pandemic! If Labor weren’t up to the job, they shouldn’t have stood for it 🙂

Why should anyone inherit a debt which isn’t theirs? If it’s a liberal party debt… then they should pay it back. If they don’t have the money, well…..how long have they got to work it off?

Yes, it’s called COVID recovery and despite Labor knowing this before the election, they failed to release appropriate costings around this

It would have been more if they were in charge of the 'pandemic'.

Yeh because they would have done a so much better job 🙄. We know Labor would have spent tens of billions more during the two years of covid, including wanting to keep jobkeeper going and also had a more expensive budget going into the election. Cut the crap Chalmers!

Honestly if I hear Labor say one more time we inherited a trillion dollars of debt ffs just get on with the job you all agreed to the spending of funds thru covid and probably would of been higher if you lot were in charge JEChalmers AlboMP

Because they wet the bed over a mild respiratory virus for most

Look AlboMP airfare how much does this cost? 5 countries in 48 days a different country 8.5 days. JEChalmers

Hello just look at the State debt...Labor .. Victoria will hit 200 Billion by years ending .Queensland over 134 Billion NT over ten Billion ..Hello Labor don't throw stones .. Liberal party got into Debt because of the Penadamic you tool's

Seriously you clowns have just given $850 million to France shut up and fix our cost of living I just filled my car up at $2.37 per LT at nearly $175 my budget is $100.

While rubbish - it's the Krudd/Gillard debt with compound interest - I commend him for admitting the scale and seriousness of the problem.

which of course labor backed

Yeah? Well tell AirbusAlbo to STOP handing out cash with his open cheque book! Well over 1.5b so far but who knows because you’re NOT giving us the ledger only COMPLAINING once again about the LNP. Do your job

Rubbish trying to cover up excuses that labour always STUFFS the economy,

Now he knows how the libs feel.

Yeah? Well tell AirbusAlbo to STOP handing out cash with his open cheque book! Well over 1.5b so far but who knows because you’re giving us the ledger only COMPLAINING once again about the LNP. Do your job

Liberal Party debt or US/WEF plandemic debt.

Where did all the money go Eight year's of booming resources, tax up, massive cuts to medicare, Uni's, and every other government funded department. How did the deficit doubled before the Pandemic? When did it become alright to give 40 billion plus to overseas companies?

It’s time for the treasurer and co to actually start governing. No more of the lightweight complaining and finger pointing

Still blaming the previous government is not a good look. How much of the debt that the liberals took on was due to the pandemic.

The debt cycle actually started with a Labor government so not all the trillion is Liberal Party debt

Yet Labor is throwing money away overseas!!!! Can’t be that bad

We had a once in a hundred years PANDEMIC

Hv we forgotten that the 2 year lockdown impacted the economy.

But Albo wanted even more spent back in 2021!!!!

And the LNP inherited the Labor Parties GFC debt! Is this going to be the trend going forward now? Each Govt blaming the one before them. Imagine a Govt that simply accepts what it is and gets on with doing what they were elected for!

labor whinging again - they knew what that were getting into - kept pushing the former govt to increase the debt and spending for years…

He knew this. However priory at this time rats tests. Masks. Heath priority unacceptable deaths and illness. Not more handouts to coal gas or the flying kangaroo. No tax cuts for the rich.

They doubled the debt before COVID. Thanks Josh/Scott/Pete/Barney/Birmo

The World is over 300 trillion in debt to itself..WHO CARES ,debt means NOTHING.

For this reason they are probably lucky they did not win the election . Perhaps this is why Morrison pushed renewables and not coal as they did not want voted in to the mess they created

lol, coming from a bloke who wanted to keep Job Keeper going.... JEChalmers is out of his depth

From the party that wanted the Govt to hand out cash payments as an incentive to get vaccinated and giving our hard earned millions away to other countries so that Albo can get invited to the parties.

It’ll be 2 trillion by the time this flog is finished with it.🤭

edit - “heaving with a trillion dollars of covid hypochondriacs’ debt” lesson - this is what you get when you drive real GDP through the floor by telling people to hide under their beds for 2 years, whilst simultaneously pumping the economy full of money printed out of thin air.

don't make excuses JEChalmers Politicians still took a $15k rise including tax breaks though and you allowed the stage 3 Tax breaks to go through for people earning more than 200k yearly- didn't you? No one left behind - WOW

Correct.

So they give $388 million (Australia's total military assistance to Ukraine), a foreign country ? and that improves things ?

Stop the rot Gomer. You knew there was a pandemic on and it had to be financed in a variety of ways. Worse, you knew all this before you made your vacuous promises to gain power.

So take RATs off concession holders- that should do it. JEChalmers

So now he has the opportunity to reduce it, I’m sure Labour has a plan.

do you want a box of tissues use your plan if you have not got an idea then move over before election you said you would fix it stop crying

Blame the scamdemic

Climate change plan with not policy framework, structural reform roll out, 1 trillion in foreign investment & network ownership pressure & no hit the ground running fiscal 1 yr, 2 yr & 3 yr overview. Some might consider this 9 yrs asleep behind the wheel.

Yes, and you literally campaigned on this fact and claimed you had a plan to fix it. Where’s that plan? Have you left it in a hotel room somewhere as you all gallivant around the world rather than fixing domestic issues?

Before Liberal government, who’s was running? Was it zero debt?

So instead of curbing spending, the Labor party goes and gives hundreds of millions away to other nations.

Labor got what they deserve

Jim Chalmers asleep throughout the pandemic. Now playing the victim 😆

Skynews is only now realising how much of a dud government we had under ScoMo and PeterDutton_MP

Thats 100 boosters per citizen , just enough to reach God level

Because it is. They built nothing noteworthy, were the highest taxing government in Australian history and somehow we now have a trillion dollar debt.

Election is over.....Chalmers repeating himself. Where are all these plans?

Here comes the usual and typical excuses by a Labor government cause they don’t know what to do

Pathetic Chalmers. He did not get us through the pandemic. Useless Labor.

So buddy, been living under a rock the last 12 months? We all knew this but your absent boss told us he had a plan. You should ask him next time he visits our shores...need to be quick though, the visits are fairly short!

How much if it is covid debt?

All Chalmers does is whinge. An incompetent loafer not fit to be Treasurer

Sky News never reports the truth so I'm confused. Is this the parody account?

So where’s the “plan” YOU SAID YOU HAD to fix it JEChalmers ?

They really simply were not very good at things

But he knew tbat before the election for which he said he had a plan. All we hear is excuses and no plan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in LOANS

Loans Loans Latest News, Loans Loans Headlines